Alphabet (GOOG, GOOGL) is in talks to acquire cyber security startup Wiz for $23 billion, according to a report from the Wall Street Journal. Jefferies...
Jefferies senior analyst Brent Thill joins Market Domination Overtime to give insight into the movements in big tech, the cloud space, and why he believes this merger will be a successful one for Alphabet .
Yes, security is number one and Google right now effectively is trying to get bigger trust with larger enterprises and small and mid size enterprises.So Wiz would effectively help build their credibility in in ensuring your data is secure uh in the cloud.Uh If you recall, they were uh effectively in the hunt for hubspot, which we never thought made a lot of sense given it's an application company, they're not really in the app space they are on Amazon Aws.
So I think uh relatively speaking, other cyber names, uh We're at that valuation and they could uh from a uh a perspective on the financials could make that actually work pretty well.I think this makes a lot more sense given uh that they can address both small, mid and large enterprises with this technology.
So what when you think about the sentiment and the setup, uh it just feels, it feels really bad and as they say, invest in uh with uh with fear and, and sell with greed and right now we got a lot of fear.Uh The IGV has been slowly making its way back up against the semi names.But if, if companies actually maintain or even cut out a little bit de risk, the guy that starts to look at 25 multiples come in, you start to see more M and A Trump gets in office and M and A comes back.
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